The insurance company just paid back $182 billion worth of taxpayer
Now tomorrow, AIG's board will consider joining its former CEO Hank Greenberg in a lawsuit that alleges the government overstepped its bounds and hurt AIG shareholders during the bailout process.
Capuano and Welch had some choice words for the board about that (from The Hill):
"Don't do it. Don't even think about it," Reps. Peter Welch (D-Vt.) and Michael Capuano (D-Mass.) wrote in their letter to AIG Chairman Robert Miller.
"AIG became the poster company for Wall Street greed, fiscal mismanagement, and executive bonuses — the taxpayer and economy be damned. Now, AIG apparently seeks to become the poster company for corporate ingratitude and chutzpah," they wrote.
"Taxpayers are still furious that they rescued a company whose own conduct brought it down. Don't rub salt in the wounds with yet another reckless decision that is on par with the reckless decisions that led to the bailout in the first place."
Tomorrow should be fun, then.